Found cheap home but…fire? - Posted by Gerald(NC)
Posted by Gerald(NC) on June 13, 2005 at 12:27:53:
Found a forclosed Brick home for $9,900 lol. Was listed for $40k. Last time it was sold, it was sold for $80k. Looks like it’s a 3 bed 1-2 bath and full basement. Probably around 1500+ sq. ft. On dead end street. Atleast one fireplace.
Problem? Has had a basement fire. Not terrible, but pretty bad. Joist look 1/4 toasted :P. Couldn’t see where it had totally “burned” through the floor, but there is some upstairs damage. Some roof wholes. Ceiling tiels of course falling due to the water. Insulation trashed of course. All windows broken. Some walls show a lil “burntness”. Inside walls are like tounge and groove wood, not sure of actual condition. Old kitchen, yet rather open to the family room. Concrete poorch, almost wrap around, but no overhang/roof on it. Sort of a mordern roof/asian style roof(? lol).
Dang tempting as a rehab or flip for such a price, and could probably get it for even less, maybe say